Equities analysts expect that Potbelly Corp (NASDAQ:PBPB) will post $108.65 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Potbelly Corp’s earnings, with the lowest sales estimate coming in at $107.59 million and the highest estimate coming in at $109.7 million. Potbelly Corp posted sales of $105.04 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The company is scheduled to announce its next quarterly earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Potbelly Corp will report full-year sales of $108.65 million for the current year, with estimates ranging from $434.7 million to $457.4 million. For the next year, analysts anticipate that the firm will post sales of $466.31 million per share, with estimates ranging from $463.31 million to $469.3 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Potbelly Corp.
Potbelly Corp (NASDAQ:PBPB) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The company had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $102.78 million. Potbelly Corp had a net margin of 1.87% and a return on equity of 8.23%.
PBPB has been the topic of a number of recent research reports. Maxim Group downgraded Potbelly Corp from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $13.00 in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded Potbelly Corp from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. TheStreet raised Potbelly Corp from a “c+” rating to a “b-” rating in a research report on Friday, March 31st. Finally, William Blair downgraded Potbelly Corp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $14.00.
In other Potbelly Corp news, Director Peter A. Bassi purchased 8,650 shares of the stock in a transaction on Monday, May 8th. The stock was acquired at an average price of $11.47 per share, with a total value of $99,215.50. Following the completion of the acquisition, the director now owns 19,287 shares in the company, valued at $221,221.89. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Anne Ewing sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $13.56, for a total value of $339,000.00. Following the completion of the sale, the insider now directly owns 25,000 shares of the company’s stock, valued at approximately $339,000. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of PBPB. Trexquant Investment LP increased its stake in shares of Potbelly Corp by 1.6% in the first quarter. Trexquant Investment LP now owns 20,784 shares of the company’s stock valued at $289,000 after buying an additional 333 shares in the last quarter. Comerica Bank increased its stake in shares of Potbelly Corp by 0.4% in the fourth quarter. Comerica Bank now owns 221,716 shares of the company’s stock valued at $2,927,000 after buying an additional 828 shares in the last quarter. American International Group Inc. increased its stake in shares of Potbelly Corp by 7.2% in the first quarter. American International Group Inc. now owns 14,685 shares of the company’s stock valued at $204,000 after buying an additional 983 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Potbelly Corp by 0.5% in the first quarter. Geode Capital Management LLC now owns 194,688 shares of the company’s stock valued at $2,706,000 after buying an additional 1,025 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Potbelly Corp by 3.7% in the first quarter. Teachers Advisors LLC now owns 47,191 shares of the company’s stock valued at $656,000 after buying an additional 1,672 shares in the last quarter. 71.76% of the stock is owned by institutional investors and hedge funds.
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Shares of Potbelly Corp (NASDAQ:PBPB) traded down 1.157% during trading on Wednesday, reaching $10.675. The company’s stock had a trading volume of 115,869 shares. The firm’s 50-day moving average is $13.10 and its 200-day moving average is $13.23. Potbelly Corp has a 12-month low of $10.68 and a 12-month high of $14.55. The stock has a market capitalization of $267.36 million, a PE ratio of 35.465 and a beta of 0.96.
Potbelly Corp Company Profile
Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia.
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